Arabic

Successful economy

Successful economy

Booming economy; more than tripling its GDP, reaching USD 857 billion in 2016, up from USD 231 billion in 2002 (TurkStat)

Stable economic growth with an average annual real GDP growth rate of 5.6 percent between 2002 and 2016 (TurkStat)

Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2017-2020 with an average annual real GDP growth rate of 5.4 percent (OECD)

13th largest economy in the world and 5th largest economy compared with the EU in 2016 (GDP at PPP, IMF WEO)

Institutionalized economy fueled by USD 145 billion of FDI in the last decade (CBRT)

A dynamic and mature private sector with USD 143 billion worth of exports and an increase of 300 percent between 2002 and 2016 (TurkStat)